at fire apps yes advises globe global companies like google, yahoo! accenture and haliburton how to manage their risk. thank you for joining us on the program. >> good morning, how are you? >> mellon is warning today that what happens to the yen now will be the focus for many in the market for the first quarter of the year. clearly, you have a prime minister coming to japan absolutely determined that with the bank of japan, they will prevent deflation. can you explain to people sitting home now what that means practice and what that means for american multinationals? >> absolutely. what we have is we are in a currency war where a lot of countries are trying to weaken their currency and therefore,er in a race to weaken their currency. >> wolfgang, forgive me for interrupting you, we have breaking news on the fiscal cliff we need to go to washington. eamon? >> we know now that the president has spoken to all four leaders, according to some wire reports that we are getting, the president called all of the congressional leaders, democrat and republican and what the white house is telling me, i